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Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Changes in Notional Balances of Holdings of Derivatives
The following table summarizes derivative activity, including the derivatives used in each of our identified hedging programs. None of the derivatives was designated as a hedge for accounting purposes at December 31, 2017: 
 
 
 
Interest Rate Risk
 
 
 
IRLCs and Loans Held for Sale
 
Borrowings
 
IRLCs
 
Forward MBS Trades
 
Interest Rate Caps
Notional balance at December 31, 2016
$
360,450

 
$
609,177

 
$
955,000

Additions
3,711,902

 
2,914,283

 
211,667

Amortization
—

 
—

 
(416,667
)
Maturities
(3,221,782
)
 
(2,289,228
)
 
—

Terminations
(754,231
)
 
(993,409
)
 
(375,000
)
Notional balance at December 31, 2017
$
96,339

 
$
240,823

 
$
375,000

 
 
 
 
 
 
Maturity
Jan. 2018 - Mar. 2018
 
Feb. 2018
 
Jul. 2018 - Dec. 2019
 
 
 
 
 
 
Fair value of derivative assets (liabilities) (1) at:
 

 
 

 
 

December 31, 2017
$
3,283

 
$
(545
)
 
$
2,056

December 31, 2016
6,507

 
(614
)
 
1,836

 
 
 
 
 
 
Gains (losses) on derivatives during the years ended:
Gain on Loans Held for Sale, Net
 
Other, Net
December 31, 2017
$
(3,089
)
 
$
(8,529
)
 
$
10

December 31, 2016
(55
)
 
(6,592
)
 
(1,387
)

(1)
Derivatives are reported at fair value in Other assets or in Other liabilities on our consolidated balance sheets.
Schedule of Changes in the Losses on Cash Flow Hedges Included in AOCL
Changes in AOCL were as follows:
 
Years Ended December 31,
 
2017
 
2016
 
2015
Beginning balance
$
1,450


$
1,763


$
8,413

 
 
 
 
 
 
Losses on terminated cash flow hedging relationships amortized to
earnings
(201
)

(337
)

(7,042
)
Decrease in deferred taxes on accumulated losses on cash flow hedges
—

 
24

 
392

Decrease in accumulated losses on cash flow hedges, net of taxes
(201
)
 
(313
)
 
(6,650
)
 
 
 
 
 
 
Ending balance
$
1,249

 
$
1,450

 
$
1,763
Schedule of Other Income (Expense), Net Related to Derivative Financial Instruments
Other income (expense), net, includes the following related to derivative financial instruments:
 
Years Ended December 31,
 
2017

2016

2015
Gain (loss) on economic hedges
$
10


$
(1,387
)

$
(1,377
)
Write-off of losses in AOCL for a discontinued hedge relationship (1)
(201
)

(337
)

(7,042
)
 
$
(191
)

$
(1,724
)

$
(8,419
)

(1)
Includes the accelerated write-off in 2015 of deferred losses on a swap that had been designated for accounting purposes as a hedge of the purchase price of an MSR acquisition, when we sold a portion of the related MSRs.